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Many of the Australian Chinese community may be affected by the Common Reporting Standard (CRS) the new international tax reporting system. The CRS is designed to reduce tax evasion. Under the CRS regime, financial institutions such as banks are required to report foreign tax residency…

Received Notice of a Tax Audit or Tax Review? The most important thing to do when you’ve just received notice that the Australian Taxation Office (ATO) will be undertaking a tax audit or review of your tax returns is to stop and consider your position….

One of the biggest mistakes you can make as a trustee/member of a Self-Managed Superannuation Fund (“SMSF”) is to treat the fund’s money like your own and withdraw the monies before you have reached retirement age. This is known as early release. And if you…

In a recent seminar for members of the Chinese community on SME Business Protection, Tania Waterhouse, taxation and superannuation specialist, gave helpful tax tips. Tania focussed on the many tax issues arising in the SME market. Tania discussed the tax advantages of company and family trust. …

The number of companies being audited over payroll tax compliance has dramatically increased and most companies audited have been found to have increased payroll tax liability. The NSW figures speak for themselves. NSW Payroll liability doubled from $139 million in 2012 to $260m in 2016….

The Australian Government has demonstrated its commitment to discouraging artificial transfer pricing with the introduction of the Diverted Profits Tax (“DPT”) legislation. The measures were announced in the 2016 budget and are currently with a parliamentary committee. The DPT regime is targeted specifically at large…

If you buy a work related item on Gumtree or Ebay, don’t pay cash because you will have no record of the purchase. This is shown in a recent Tribunal decision. Background The taxpayer claimed deductions of $24,802 for purchase of tools and tool boxes. …

If you buy a work related item on Gumtree or Ebay, don’t pay cash because you will have no record of the purchase. This is shown in a recent Tribunal decision. Background The taxpayer claimed deductions of $24,802 for purchase of tools and tool boxes. …

Chapeau! as they say in French thank you

Dear Tania,

From my first contact with yourself and your firm, I knew I had contacted the right people to assist me in reviewing an ATO audit decision. How did I know that? I strongly felt that I would comfortably accept whatever outcome it may be, even if it was not the best, feeling confident that you and your team of experts would provide the best possible advice and chance to resolve the matter. Furthermore I also felt that you and your team do care about their clients and was impressed by your commitment. Was I right? Yes I was, your team achieved the best outcome that could have been expected: a win!

Dear Keerti,
Your dedication to resolving my taxation matter in the best possible way (“fighting tooth and nail” as you said) was remarkable and to say the least very much appreciated. You were approachable and always available for comments or explanations. Although it can be challenging, you were soon familiar with all the details of the evidence. Above all you were able to secure a win. I would have no hesitation whatsoever to recommend you.

Chapeau! as we say in my native French as a mark of gratitude and respect.

Best regards,

Didier

Tania Waterhouse—August 2019

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